Expressing the sense of the House of Representatives that a Global Marshall Plan holds the potential to demonstrate the commitment of the United States to peace and prosperity through poverty reduction in the United States and abroad.

This bill makes 5% across-the-board rescissions in discretionary spending for FY2017 and FY2018, excluding spending for defense, homeland security, and veterans affairs. It also requires the Office of Management and Budget to submit a report to Congress specifying the account and amount of each rescission made pursuant to this bill.